DOE’s P450-M ‘Pantawid Pasada’ unaudited – COA

THE P450-million Malampaya-funded Public Transport Assistance Program (PTAP) or “Pantawid Pasada” of the Department of Energy (DOE) remains unaudited four years after its implementation.

In a 2013 report, the Commission on Audit (COA) said this was because the Status of Accomplishment, Fund Utilization, and Fund Loading by the Bank of the Philippine Islands (BPI), Inventory of Public Transport Assistance (PTA) cards, Bank Reconciliation Statements of the PTAP Account for 2013 were not submitted.